International Liquidity and the Financial Crisis

ISBN-13: 9781107030046 / Angielski / Twarda / 2013 / 270 str.

William A Allen

Opis

Explains how the financial crisis spread across the world, how damage was contained and how the monetary world has changed.

Recenzje

'This excellent book should be required reading for all central-bank governors [and] will remain a valuable resource for economists and financial historians for many years to come.' Nicholas Crafts, The Business Economist

Spis treści

1. Introduction; 2. The domestic liquidity crisis in the USA; 3. International liquidity crises outside the USA; 4. Effects on financial markets outside the USA; 5. The theory of central banking before the crisis and the practice of central banking during the crisis; 6. Swap lines; 7. Which countries received swap lines?; 8. Did the swap providers achieve their objectives?; 9. How did the swap lines affect the recipients?; 10. Propagation and scale of the 1931 crisis; 11. The management of the 1931 crisis; 12. A comparison of 1931 and 2008; 13. International liquidity management.